HOUSTON, Aug. 12, 2016 /CNW/ - Enhanced Oil Resources Inc.
(TSX-V: EOR; OTCQX: EORIF) (the "Company") is pleased to
announce that the name of the Company will change to "Hunter Oil
Corp." to better reflect the business of the Company. Effective at
the opening of trading on August 16,
2016, the common shares of the Company will trade under the
new name and new corresponding TSX Venture Exchange trading symbol,
"HOC".
The Company's new CUSIP number is 44570P102 and its ISIN number
is CA44579P1027. The Company's website has also been updated
to www.hunteroil.com to reflect the name change.
The name change was previously approved by the Board of
Directors of the Company and has received all requisite approvals.
No action is required to be taken by the Company's
shareholders in connection with the name change, and no other
change has been made to the Company's share capital.
About Hunter Oil Corp. (formerly Enhanced Oil Resources
Inc.)
Hunter Oil Corp. owns and operates two large historic oil fields
in New Mexico, the Milnesand and Chavaroo oil fields. Recorded
production of these two fields is in excess of 37 million barrels,
representing approximately 10% of the oil in place. The Company
plans to unlock the value in these resource-rich fields by
increasing the efficiency of its operations, and by applying new
and proven unconventional production technologies.
ON BEHALF OF THE BOARD OF DIRECTORS
Andrew
Hromyk
President and CEO
(832)
485-8500
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE
Cautionary Statement Regarding Forward-Looking
Information
Except for statements of historical fact, this news release
contains certain "forward-looking information" within the meaning
of applicable securities law. Forward-looking information is
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate", "will",
"could" and other similar words, or statements that certain events
or conditions "may" or "could" occur. Such forward-looking
information is based on a number of assumptions and subject to a
variety of risks and uncertainties, including but not limited to
those discussed in the sections entitled "Forward-Looking
Statements" in the interim and annual Management's Discussion and
Analysis which are available at www.sedar.com. While our management
believes that the assumptions made are reasonable, should one or
more of the risks, uncertainties or other factors materialize, or
should underlying assumptions prove incorrect, actual results may
vary materially from those described in forward-looking
information. Forward-looking information herein, and all subsequent
written and oral forward-looking information are based on estimates
and opinions of management on the dates they are made and are
expressly qualified in their entirety by this cautionary statement.
Except as required by law, the Company assumes no obligation to
update forward-looking information should circumstances or
management's estimates or opinions change.
SOURCE Enhanced Oil Resources Inc.